Stratford Property Tax Calculator 2023
The City of Stratford is located in Perth County and is home to over 33K residents. Stratford real estate primarily consists of single-family homes and affordable condos, but there are a select few higher-end homes that are more expensive in price. Based on data from the Huron Perth Association of Realtors, the average price of a home in Stratford for the month of July 2023 was $677K. The average price of a single-family home was $716K, while that of a condo apartment was $511K. Single-family detached houses are by far the most commonly sold property type in Stratford, accounting for over 80% of sales volume. Stratford property tax rates are in the higher spectrum of property tax rates in Ontario for municipalities with a population greater than 10K.
Stratford property tax is based on the assessed value of your home. Every four years, the Municipal Assessment Corporation (MPAC) conducts an evaluation of properties all over Ontario and submits assessed values for each of them. This assessed value can differ significantly from the market value of your property. Your final property tax amount is calculated by multiplying the Stratford final property tax rate for the year by the MPAC property assessed value.
You can calculate your property tax using either your home's MPAC assessed value or your home's most recent market price. Just enter the price and type of your property, and we will give you an instant property tax estimate.
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2023 Tax rates for Cities Near Stratford
| City | Final Tax Rate |
|---|---|
| Woodstock | 1.586913 % |
| Waterloo | 1.204175 % |
| Kitchener | 1.212054 % |
| London | 1.461166 % |
Stratford Property Taxes
Property tax is a tax based on the assessed value of a property. If you own a property or parcel of land, you will have to pay property tax. It is used to pay for city services such as police, the fire department, and public transit as well as elementary and secondary education.
There are two main parts to a property tax:
- A municipal tax that depends on the municipality of the property
- An education tax that is the same throughout Ontario.
Some cities may add additional taxes. For example, the City of Toronto has a City Building Fund Levy that is used for public transit and housing projects in the city.
Property tax rates also depend on the type of property. Common major categories are Residential, Multi-Residential, Commercial, Industrial and Farmland. Almost all homes will apply under Residential property tax rates.
| Residential Property Tax Rate for Stratford from 2018 to 2023 | |||
|---|---|---|---|
| Year | Municipal Rate | Educational Rate | Final Tax Rate |
| 2023 | 1.352611% | 0.153000% | 1.505611% |
| 2022 | 1.282359% | 0.153000% | 1.435359% |
| 2021 | 1.214359% | 0.153000% | 1.367359% |
| 2020 | 1.197832% | 0.153000% | 1.350832% |
| 2019 | 1.202594% | 0.161000% | 1.363594% |
| 2018 | 1.206350% | 0.170000% | 1.376350% |
Stratford Property Tax Department Information
For any questions or inquiries about your property tax rate or property tax bill, you can reach out to the city of Stratford's property tax department through the following methods:
| Phone number | 519-271-0250 |
|---|---|
| Contact Form | Stratford Property Tax Department Information |
Stratford Property Tax Department Information
For any questions or inquiries about your property tax rate or property tax bill, you can reach out to the city of Stratford's property tax department through the following methods:
| Phone number |
|---|
| 519-271-0250 |
| Contact Form |
| Stratford Property Tax Department Information |
| Stratford at a Glance | |
|---|---|
| Province | Ontario |
| Settled Year | 1828 |
| Established Year | 1859 |
| Incorporated Year | 1886 |
| Population | 33,232 |
| City Area | 26.95 km 2 (10.41 sq mi) |
| Official Website | Stratford Official Website |
Property Taxes in Ontario for a $500K MPAC Assessed Value Home*
Assessed Value of a Property
Property value assessments in Ontario are conducted every four years by the Municipal Property Assessment Corporation (MPAC). They conduct assessments for all types of property in Ontario ranging from residential properties to farms to commercial properties. For residential properties, they use a number of factors, including market price, to determine the assessed value of a property. While they release overviews of their valuation guidelines, there is no transparency in the assessment of a specific property.
Homeowners may find that the assessed value of their property differs significantly from its market price. There is also no way to retrieve and compare the assessed value of other properties.